Skip to main content

Pension Credit: Savings

Volume 487: debated on Monday 2 February 2009

12. To ask the Secretary of State for Work and Pensions whether he plans to amend the 10 per cent. rule on savings when calculating pension credit. (253035)

Tariff income rules provide a simple method of calculating the contribution people with £6,000 of capital are expected to make and does not reflect any rate of return.

80 per cent. of pension credit recipients are unaffected by the tariff income rules.